Tax Benefit$ for Education

February 3, 2011

If you are a student PLEASE READ THIS before filing your taxes!!

There is a variety of tax credits and deductions available to taxpayers to assist with the expense of higher education.

A tax credit reduces the amount of income tax you may have to pay.

A deduction reduces the amount of your income that is subject to tax, thus generally reducing the amount of tax you may have to pay.

Visit IRS.gov for details:  http://www.irs.gov/newsroom/article/0,,id=213044,00.html

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